DDM Analysis: 1299.HK

Valuation Snapshot

Stable Growth	$11.70 - $19.54	$15.15
Multi-Stage	$16.77 - $18.38	$17.56
Blended Fair Value	$16.36
Current Price	$8.97
Upside	82.35%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	3.31%	12.79%	0.21	0.21	0.21	0.20	0.18	0.18	0.13	0.13	0.10	0.08
YoY Growth	-	-	0.91%	1.45%	4.78%	8.64%	1.01%	35.13%	5.52%	22.36%	36.54%	18.86%
Dividend Yield	-	-	2.91%	2.49%	1.86%	1.95%	1.48%	1.71%	1.60%	1.55%	1.68%	1.26%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	10,884.00
(-) Cash Dividends Paid (M)	4,717.00
(=) Cash Retained (M)	6,167.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2,176.80	1,360.50	816.30
Cash Retained (M)	6,167.00	6,167.00	6,167.00
(-) Cash Required (M)	-2,176.80	-1,360.50	-816.30
(=) Excess Retained (M)	3,990.20	4,806.50	5,350.70
(/) Shares Outstanding (M)	11,057.75	11,057.75	11,057.75
(=) Excess Retained per Share	0.36	0.43	0.48
LTM Dividend per Share	0.43	0.43	0.43
(+) Excess Retained per Share	0.36	0.43	0.48
(=) Adjusted Dividend	0.79	0.86	0.91
WACC / Discount Rate	7.86%	7.86%	7.86%
Growth Rate	1.06%	2.06%	3.06%
Fair Value	$11.70	$15.15	$19.54
Upside / Downside	30.44%	68.92%	117.88%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	10,884.00	11,108.57	11,337.78	11,571.71	11,810.48	12,054.17	12,415.79
Payout Ratio	43.34%	52.67%	62.00%	71.34%	80.67%	90.00%	92.50%
Projected Dividends (M)	4,717.00	5,851.00	7,029.80	8,254.74	9,527.25	10,848.75	11,484.61

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.86%	7.86%	7.86%
Growth Rate	1.06%	2.06%	3.06%
Year 1 PV (M)	5,371.25	5,424.39	5,477.54
Year 2 PV (M)	5,924.23	6,042.05	6,161.03
Year 3 PV (M)	6,386.13	6,577.58	6,772.82
Year 4 PV (M)	6,766.22	7,038.02	7,317.93
Year 5 PV (M)	7,072.99	7,429.91	7,801.10
PV of Terminal Value (M)	153,916.95	161,684.02	169,761.53
Equity Value (M)	185,437.76	194,195.97	203,291.95
Shares Outstanding (M)	11,057.75	11,057.75	11,057.75
Fair Value	$16.77	$17.56	$18.38
Upside / Downside	86.96%	95.79%	104.96%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 22 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
TC.BK	Tropical Canning (Thailand) Public Company Limited	6.05%	$0.30	42.33%
8984.T	Daiwa House REIT Investment Corporation	6.04%	$8,653.99	81.69%
0R40.L	Rai Way S.p.A.	6.03%	$0.33	99.60%
3600.HK	Modern Dental Group Limited	6.03%	$0.32	34.31%
003460.KS	Yuhwa Securities co.,ltd.	6.02%	$162.45	83.00%
298540.KQ	The Nature Holdings Co., Ltd.	6.02%	$521.44	76.58%
6263.TWO	Planet Technology Corporation	6.02%	$7.86	95.87%
NZX.NZ	NZX Limited	6.02%	$0.09	77.46%
WLMM3.SA	WLM Participações e Comércio de Máquinas e Veículos S.A.	6.02%	$1.23	40.06%
1760.HK	Intron Technology Holdings Limited	6.01%	$0.12	30.56%
5209.KL	Gas Malaysia Berhad	6.01%	$0.26	82.61%
ALLAN.PA	Lanson-BCC	6.01%	$1.96	26.09%
QAMC.QA	Qatar Aluminium Manufacturing Company Q.P.S.C.	6.00%	$0.10	74.36%
0237.HK	Safety Godown Company, Limited	5.99%	$0.12	71.07%
8986.T	Daiwa Securities Living Investment Corporation	5.99%	$6,829.90	63.32%
ASX.AX	ASX Limited	5.99%	$3.08	67.16%
MKP.TO	MCAN Mortgage Corporation	5.99%	$1.35	74.01%
0QMU.L	Compagnie Financière Richemont S.A.	5.98%	$6.91	67.79%
8924.TWO	O-TA Precision Industry Co., Ltd.	5.98%	$4.29	80.38%
FMTY14.MX	Fibra Mty, S.A.P.I. de C.V.	5.98%	$0.93	46.45%
HUMAN.BK	Humanica Public Company Limited	5.98%	$0.30	74.76%
603368.SS	Guangxi LiuYao Group Co., Ltd	5.97%	$1.06	53.83%
6069.HK	SY Holdings Group Limited	5.97%	$0.67	97.72%
ASII.JK	PT Astra International Tbk	5.97%	$405.75	50.28%
PXT.TO	Parex Resources Inc.	5.97%	$1.12	86.22%
SB	Safe Bulkers, Inc.	5.97%	$0.29	64.01%
1562.KL	Sports Toto Berhad	5.96%	$0.08	49.23%
8442.TW	WW Holding Inc.	5.96%	$4.19	72.79%
NTV.BK	Nonthavej Hospital Public Company Limited	5.96%	$1.37	66.11%
WLE.AX	WAM Leaders Limited	5.96%	$0.08	8.04%
094280.KS	Hyosung ITX Co. Ltd.	5.95%	$751.76	70.97%
O3P.DE	Österreichische Post AG	5.95%	$1.88	98.14%
PWO.DE	PWO AG	5.95%	$1.75	48.89%
0898.HK	Multifield International Holdings Limited	5.94%	$0.06	9.32%
1155.KL	Malayan Banking Berhad	5.94%	$0.62	72.18%
PORT3.SA	Wilson Sons S.A.	5.94%	$1.11	73.49%
009680.KS	Motonic Corporation	5.93%	$599.08	42.49%
3010.SR	Arabian Cement Company	5.93%	$1.29	91.83%
PGW.NZ	PGG Wrightson Limited	5.93%	$0.13	70.38%
0GX2.L	Neurones S.A.	5.92%	$2.49	61.25%
4012.SR	Thob Al Aseel Company	5.92%	$0.20	89.05%
9585.SR	Mulkia Investment Co.	5.92%	$2.01	37.97%
HEN.DE	Henkel AG & Co. KGaA	5.92%	$3.87	41.88%
KKP.BK	Kiatnakin Phatra Bank Public Company Limited	5.92%	$4.02	63.80%
030000.KS	Cheil Worldwide Inc.	5.91%	$1,232.93	68.46%
0RCW.L	Kid ASA	5.91%	$8.00	99.60%
ARSA.ME	Arsagera Asset Management	5.91%	$0.50	52.65%
DBM.TO	Doman Building Materials Group Ltd.	5.91%	$0.56	65.99%
DU.AE	Emirates Integrated Telecommunications Company PJSC	5.91%	$0.58	95.05%
NXR-UN.TO	Nexus Industrial REIT	5.91%	$0.47	57.77%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

AIA Group Limited (1299.HK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener